Market Roundup

Half Day Roundup

Hong Kong stock market fluctuated today. The HSI fell 71 points after opening and then rose 139 points. It fell back to only rise 34 points, or 0.2%, to 19,254 at mid-day; the HSCEI rose 21 points, or 0.3%, to 6,842; The HSTECH rose 23 points, or 0.6%, to 4,004. The total mid-day turnover of the market was HK$69.60bn. JD.com (9618) sold US$1.75bn of convertible senior notes, and its stock price fell 1.9%. Electric vehicle stock Xpeng (9868) narrowed its first-quarter loss to Rmb1.37bn which beat consensus. Its stock price rose 13.2%. Lenovo Group (0992) was upgraded to "overweight" by a major bank, and its stock price rose 13.2% at mid-day.

Source: KGI Asia Investment Strategy

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